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Fidelity Bankshares, Inc. Announces Quarterly Dividend

    WEST PALM BEACH, Fla., Sept. 21 /PRNewswire-FirstCall/ -- Vince A.
Elhilow, President of Fidelity Bankshares, Inc. (Nasdaq: FFFL), announced that
the Company's Board of Directors approved the payment of a quarterly cash
dividend of $.10 per share on the Company's common stock to its stockholders.
The dividend will be paid to stockholders of record on September 30, 2004 and
will be distributed on October 15, 2004.

    Fidelity Bankshares, Inc., through its subsidiary Fidelity Federal Bank &
Trust, has assets of $3.4 billion and operates in Florida through 43 branch
offices and four loan production offices in Palm Beach, Martin, Broward,
Indian River and St. Lucie counties. The bank offers traditional banking
products as well as trust, investment and insurance services, a full line of
mortgage and commercial loans and business banking services including loans
and lines of credit. An investment profile on Fidelity Bankshares may be found
on the website http://www.hawkassociates.com/fffl/profile.htm .


SOURCE Fidelity Bankshares, Inc.




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Related links:
  • http://www.fidfed.com
  • http://www.hawkassociates.com/fffl/profile.htm
    Company News On-Call:
  • http://www.prnewswire.com/comp/281429.html
    CONTACT:
    Vince A. Elhilow, President and Chief
    Executive Officer, or Richard, both of Fidelity Bankshares, Inc.,
    +1-561-803-9900